At the Barrett-Jackson Las Vegas auction, this Raven Black 1963 Lincoln Continental convertible sold for $110,000, blowing past the NADA High Retail value of $75,460. Get all the latest auto industry news in the Executive Briefing. 

Today’s headlines: 

+   Driven by strong sales and solid margins on the F-150 pickup, Ford reported a profit of $1.5 billion for the third quarter, a 63 percent increase over last year. More at the Detroit Free Press. 

+   General Motors, Apple, and others have joined a coalition of top companies lobbying the U.S. Congress to give young, undocumented immigrants a path to permanent residency. More at Reuters. 

+   Spy photographers at the Nürburgring in Germany have captured a prototype of the Porsche Mission E electric sports car, which boasts 600 horsepower and a 300-mile range. More at Motor Trend. 

+   Two-time Formula 1 champion Fernando Alonso will drive in the 24 Hours of Daytona for the United Autosports team owned McLaren executive director Zak Brown. More at BBC Sports. http://www.bbc.com/sport/formula1/41768709

+   Noteworthy concept car reveals at the Tokyo Motor Show included the sleek Mazda Kai hatchback, the Honda Sports EV, and the aggressively styled Subaru Viziv. More at Autoblog. 

+   Shares in Fiat Chrysler Automobiles rose more than three percent after a stronger-than-expected third-quarter earnings report boasting a net profit of $1.1 billion. More at CNBC. 

+   Indy Lights 2016 champion Ed Jones has vacated his IndyCar seat at Dale Coyne Racing to join Chip Ganassi Racing, where he will team with four-time champ Scott Dixon. More at Racer.  

+   American Expedition Vehicles, which upfits Jeep Wranglers and Ram pickups for off-road use, has opened a new 140,000 square-feet plant in Wixom, Michigan. More at The Detroit News. 

+   An assortment of American classic and collector cars broke auction house sales records at the Barrett-Jackson Las Vegas auction at the Mandalay Bay. More at Hemmings Daily. 

+   Darrell “Bubba” Wallace Jr. has been named to drive the number 43 Ford for Richard Petty Motorsports in NASCAR Monster Cup in 2018, though a sponsor has yet to be named. More at ESPN. 

+   Hyundai Motor’s third-quarter quarterly profit fell 20 percent, damaged by South Korea’s diplomatic dispute with China and slowing sales at affiliate Kia. More at Automotive News Europe. 

+   Famed Indy car owner and builder Rolla Vollstedt, who fielded cars for Len Sutton, Jim Clark, Janet Guthrie, and many others, has passed away at 99. More at the Indianapolis Star. 

Review the previous Executive Briefing from October 23 here.

Photo courtesy of Barrett-Jackson. 

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